[Crude Oil] – [Wednesday, August 20, 2025]

Crude oil has the potential to continue its decline today, where it is supported by the 50-day moving average (EMA) below the 200-day moving average (EMA) and the RSI (14) at the neutral bearish level.

Key Levels

1. Resistance Level 2: 63.84

2. Resistance Level 1: 63.17

3. Pivot: 62.71

4. Support Level 1: 62.04

5. Support Level 2: 61.58

Tactical Scenario

Pressure Risk Zone: If the price breaks down and closes below 62.04, the #CL has the potential to continue its decline to 61.58.

Momentum Extension Bias: If the 61.58 level is successfully broken and closes below it, Crude Oil has the potential to continue its decline to 60.91.

Invalidation Level / Bias Revision

The downside bias will be invalidated if the commodity strengthens significantly, breaking through and closing above 63.84.

Technical Summary

EMA(50): 62.67.

EMA(200): 63.06.

RSI(14): 39.34.

Economic News Release Agenda:

Economic data release from the United States: US - Crude Oil Inventories - 21:30 WIB.